NexusFi: Find Your Edge


Home Menu

 





Perrys Trading Platform


Discussion in Traders Hideout

Updated
      Top Posters
    1. looks_one perryg with 303 posts (915 thanks)
    2. looks_two wgreenie with 90 posts (66 thanks)
    3. looks_3 plethora with 83 posts (22 thanks)
    4. looks_4 MetalTrade with 34 posts (20 thanks)
      Best Posters
    1. looks_one zt379 with 4.5 thanks per post
    2. looks_two perryg with 3 thanks per post
    3. looks_3 monpere with 2 thanks per post
    4. looks_4 wgreenie with 0.7 thanks per post
    1. trending_up 740,250 views
    2. thumb_up 1,732 thanks given
    3. group 187 followers
    1. forum 1,206 posts
    2. attach_file 276 attachments




Closed Thread
 
Search this Thread

Perrys Trading Platform

  #801 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288


Southsea View Post
Hey Perry: Hey, I was comparing the es and 6E recently and agree 6E has much more trending. Any dangers we should look out for? Sometimes volatility can be the enemy. Thought? Thanks for the awesome thread!

6E is probably the best instrument to trade for both beginners and advanced traders. Each pip is $12.5 so that profit per pip you get the best return. The volatilty is what you are looking for and you have this generally all through the day.

Started this thread

Can you help answer these questions
from other members on NexusFi?
Better Renko Gaps
The Elite Circle
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
NT7 Indicator Script Troubleshooting - Camarilla Pivots
NinjaTrader
Futures True Range Report
The Elite Circle
The space time continuum and the dynamics of a financial …
Emini and Emicro Index
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
61 thanks
Funded Trader platforms
39 thanks
NexusFi site changelog and issues/problem reporting
26 thanks
The Program
18 thanks
GFIs1 1 DAX trade per day journal
18 thanks
  #802 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288


plethora View Post
Does anyone know if the integrity-traders.com version of MM is still considered superior to NT?
Thank you.

--------------------------------------------------------

July 23, 2010


January 16, 2011


Perry, in view of these two posts, I's just like to understand the reason you returned to a 50 SMA after abandoning the 40 SMA with time charts?

As always, thank you very much.

-------------------------------------------------------

Dear Trading Comrades of Perry's Methodology-

I have a growing fascination with Method #2.
As the setup occurs much less frequently than
Method #1, if anyone trades it this week, could
I trouble you to post your chart for me to observe?

Many, many thanks in advance.

plethora

1. The MM from Integrity-traders is a superior indicator than the one found in NT.

2. There is very little difference between the 40 SMA and the 50 SMA. The reason I use the 50 SMA is that the "BIG BOY" traders use it, so to be in line with what they are looking at. As I said it is there for more of a picture as to the main trend of the market at a specific time.

Started this thread
  #803 (permalink)
 Southsea 
USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Amp Futues/Zen-fire
Trading: Futures
Posts: 45 since Apr 2010
Thanks Given: 13
Thanks Received: 6


Hey Perry! Thanks again for this thread. I was wondering if there is an NT7 version of Jeff's Universal MA yet? Also, do you happen to know how much longer NT6.5 will be available? Thanks so much!

  #804 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288


Southsea View Post
Hey Perry! Thanks again for this thread. I was wondering if there is an NT7 version of Jeff's Universal MA yet? Also, do you happen to know how much longer NT6.5 will be available? Thanks so much!

I am not sure that there is a NT7 of JeffsMA. As for NT6.5 you must ask the company Nija Trader.

Started this thread
  #805 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,371


perryg View Post
6E is probably the best instrument to trade for both beginners and advanced traders. Each pip is $12.5 so that profit per pip you get the best return. The volatilty is what you are looking for and you have this generally all through the day.

$12.5/tick offers best profit return, but also worst loss return! Shouldn't beginners trade something cheap like the YM at $5 per tick, or YG at $3.32 per tick, so they can minimize their losses until they increase their win ratio or develop a robust methodology? Obviously these instruments each have their own personality, but I think for newbies the name of the game is conserve capital, until you make it. With these instruments, you can afford to be wrong 2 or 3 times as often using the same amount of capital. And believe me, as newbie, you tend to be wrong a lot!

  #806 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288


monpere View Post
$12.5/tick offers best profit return, but also worst loss return! Shouldn't beginners trade something cheap like the YM at $5 per tick, or YG at $3.32 per tick, so they can minimize their losses until they increase their win ratio or develop a robust methodology? Obviously these instruments each have their own personality, but I think for newbies the name of the game is conserve capital, until you make it. With these instruments, you can afford to be wrong 2 times or 3 times as often using the same amount of capital. And believe me, as newbie, you are going to be wrong a lot!

If you are looking to trade live right from the begining, then you are correct. I would not trade live until I have at least 2 weeks consecutive running of 90-100% wins on SIM. Then when you trade live the 6E would be your best bet. You start with 1 contract, trade 2 weeks with success, then go to 2 contracts for a week, and then 3 contracts etc. Do not use more than 30% of your capital for the number of contracts to trade. This is how you slowly build your account.

Started this thread
Thanked by:
  #807 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,371


perryg View Post
If you are looking to trade live right from the begining, then you are correct. I would not trade live until I have at least 2 weeks consecutive running of 90-100% wins on SIM. Then when you trade live the 6E would be your best bet. You start with 1 contract, trade 2 weeks with success, then go to 2 contracts for a week, and then 3 contracts etc. Do not use more than 30% of your capital for the number of contracts to trade. This is how you slowly build your account.

Sounds good. But, you don't have to have a 90-100% win ratio to be profitable. It depends on your Sharpe Ratio as well. You can be profitable with a 40% win ratio, if your trades are 3:1 reward/risk ratio.

  #808 (permalink)
 
perryg's Avatar
 perryg 
Rechovot
 
Experience: Advanced
Platform: NinjaTrader
Broker: CQG
Trading: Index,Currency and Energy futures
Posts: 1,644 since Jan 2010
Thanks Given: 508
Thanks Received: 6,288


monpere View Post
Sounds good. But, you don't have to have a 90-100% win ratio to be profitable. It depends on your Sharpe Ratio as well. You can be profitable with a 40% win ratio, if your trades are 3:1 reward/risk ratio.

I wish you good luck

Started this thread
  #809 (permalink)
 
monpere's Avatar
 monpere 
Bala, PA, USA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Mirus, IB
Trading: SPY, Oil, Euro
Posts: 1,854 since Jul 2010
Thanks Given: 300
Thanks Received: 3,371


perryg View Post
I wish you good luck

You are god among men I wish I could get that high a win ratio! I think it all depends also on your style of trading and your trading method. Scalpers traditionally need a very high win ratio to be profitable because they typically trade with 1:1 or less risk/reward. As a scalper, I trade 2:1 or 3:1 risk ratio with a fixed 3 tick stop 6 or 9 tick target, I am consistently profitable with about 60% win ratio. You can get a 9 tick move in the CL before you take your hand of the mouse, that is a 3R trade in like 1.5 sec! I love those when I can get them

  #810 (permalink)
 
plethora's Avatar
 plethora 
Los Angeles, CA
 
Experience: Intermediate
Platform: NinjaTrader
Broker: Rithmic
Trading: GC
Posts: 629 since Dec 2010
Thanks Given: 1,174
Thanks Received: 425


Very helpful to see the attached example of a continuation trade.
Thank you.

Attached Thumbnails
Click image for larger version

Name:	Screen shot 2011-01-19 at 8.14.05 PM.png
Views:	301
Size:	567.0 KB
ID:	28812  

Closed Thread



Last Updated on November 5, 2011


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts